Near.term news Last year OBE updated their reserves on Feb 17 for the year ended Dec 31/20
At that time WTI oiil was about $48
Next week or the week after, OBE will likely release their new reserves as of Dec 31/21
The upcoming reserve numbers should be good.
OBE may reverse prior write downs
OBEs reserves should be larger. Their present value should be much higher given higher prices
It should be a very positive news release and positive to the share price